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Registered number: 07604076

Clappits Plant Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023

Prepared By:
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

Clappits Plant Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
R Welham
REGISTERED OFFICE
Clappits Pit, Woodbridge Road
Newbourne
Woodbridge
Suffolk
IP12 4AP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07604076
ACCOUNTANTS
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

Clappits Plant Limited

ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Clappits Plant Limited

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3240,900261,025
CURRENT ASSETS
Stock16,66242,280
Debtors549,07973,749
Cash at bank and in hand22,07132,695
87,812148,724
CREDITORS: Amounts falling due within one year6124,747144,141
NET CURRENT (LIABILITIES) / ASSETS(36,935)4,583
TOTAL ASSETS LESS CURRENT LIABILITIES203,965265,608
CREDITORS: Amounts falling due after more than one year7155,080200,587
PROVISIONS FOR LIABILITIES AND CHARGES824,00032,500
NET ASSETS24,88532,521
CAPITAL AND RESERVES
Called up share capital911
Profit and loss account24,88432,520
SHAREHOLDERS' FUNDS24,88532,521
For the year ending 30/06/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/01/2024 and signed on their behalf by
.............................
R Welham
Director

Clappits Plant Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees33

Clappits Plant Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/07/2022156,799250,700407,499
Additions5,65051,32556,975
Disposals(16,250)-(16,250)
At 30/06/2023146,199302,025448,224
Depreciation
At 01/07/202288,45758,017146,474
Disposals(5,530)-(5,530)
For the year12,92353,45766,380
At 30/06/202395,850111,474207,324
Net Book Amounts
At 30/06/202350,349190,551240,900
At 30/06/202268,342192,683261,025
Tanglble assets include assets at a value of £196,223 (2022: £208,598) that are subject to HP finance agreements.
4. STOCK 20232022
££
Stock comprises:
Stock16,66242,280
16,66242,280
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors48,62537,734
UK corporation tax-6,107
VAT-28,719
Other debtors50202
Prepayments404987
49,07973,749

Clappits Plant Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT12,744-
PAYE control1,9891,621
Directors current account4,3681,940
Bank Loan9,8339,526
Hire purchase55,46050,389
Trade creditors36,53854,912
Other creditors62722,458
Accruals3,1883,295
124,747144,141
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr20,02730,167
Hire purchase >1yr135,053170,420
155,080200,587
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation24,00032,500
24,00032,500

Clappits Plant Limited

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
10. CONTROLLING PARTY
The company is controlled by its director, R J Welham.
11. RELATED PARTY TRANSACTIONS
At the year end date the company owed its director £4,368 (2022: £1,940). This debt is included in other creditors, is repayable on demand and attracts no interest.